Releases

WASHINGTON--(BUSINESS WIRE)--Mar. 11, 2014--
Graham Holdings Company (NYSE:GHC) today announced that Andrew S. Rosen
has been named executive vice president of the Company. He remains
chairman of Kaplan, Inc.Thomas C. Leppert has been named chief
executive officer of Kaplan, replacing Rosen. The changes take effect on
April 1.

Donald E. Graham, chairman and chief executive officer of Graham
Holdings, said: “Andy has been central in building Kaplan into the
global, diversified education provider that it is today. He’s
established a great culture at Kaplan, where his focus has always been
on student success. He’s been a thought leader in the education
industry, pioneering online learning, expanding access to under-served
students, using learning science to improve outcomes and identifying
critical reforms for American higher education. He will be an important
addition to the broader Graham Holdings Company.”

Tom Leppert joined Kaplan as president and chief operating officer in
January 2013. Over the past year, he has overseen the daily operations
of all of Kaplan’s major businesses and has played a key role in
identifying new areas of opportunity for the company. Leppert brings
deep experience in both the business and public sectors. Prior to
joining Kaplan, he served as mayor of Dallas, as CEO of The Turner
Corporation, the largest commercial builder in the United States, and as
a principal of McKinsey & Co, among other positions.

“Tom is an enormously talented and committed leader,” said Rosen. “He
has championed the importance of education in every role he’s had over
the years, and he has brought that passion to Kaplan. He’s insightful,
smart and decisive, and I’m excited to see him lead Kaplan into the
future.”

Graham said: “Tom cares deeply about building products and services that
help individuals, schools, governments and businesses. Kaplan has a very
deep management bench, and Tom has proven to be a smart, strategic
leader with excellent insights and management expertise. That’s a
powerful combination at a time of significant change and opportunity in
global education.”

In his dual role, Rosen will oversee SocialCode and Celtic Healthcare,
while remaining chairman of Kaplan. He will also manage a variety of
corporate initiatives.

Rosen joined Kaplan in 1992 and held numerous leadership positions
before being named CEO in November 2008. Prior to joining Kaplan, he
worked in two other units of what was then called The Washington Post
Company. He was assistant counsel of Newsweek and a staff attorney for
The Washington Post newspaper. Rosen is the author of Change.edu:
Rebooting for the new talent economy.

Graham Holdings (NYSE: GHC) is a diversified education and media company
whose principal operations include educational services, television
broadcasting, cable television systems and online, print and local TV
news.